UAE Payroll Firm RemotePass Raises $17.4M to Expand Into Europe & US

RemotePass, a UAE-founded company focused on global employment, payroll, and workforce payments, has raised $17.4 million in Series B funding to support expansion beyond the Middle East.

The round was led by EBRD Venture Capital, with participation from 500 Global and existing investors including Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures.

Founded in 2021 by Kamal Reggad and Karim Nadi, the company is also backed by BECO Capital, Endeavor Catalyst, and Wamda Capital.

According to the company, the new capital will support expansion across Europe and the United States, alongside further investment in compliance infrastructure, AI tools, and financial services products.

RemotePass reached profitability in early 2025 before reinvesting into international growth, embedded fintech, and AI capabilities. The company also launched SpendCards in late 2025, combining payroll, contractor payments, and company expenses within one platform.

“This round is about acceleration,” Kamal Reggad said. “Building a globally competitive platform from the region, in a market that incumbents underestimated, is something we are incredibly proud of.”

RemotePass stated that its platform now supports more than 35,000 workers across over 150 countries and has facilitated more than $800 million in cross-border payroll payments.